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To: Chisy who wrote (7961)2/20/2001 12:46:38 PM
From: Jibacoa  Respond to of 13094
 
<<It is now saying the bear market is over, and we are into a new bull market that will last at least 5 years>>

Well, 5 years seems a rather long time span as my line of sight is somewhat shorter than that. <g>

I guess I will keep looking at things "one day at a time" for the time being.

The NAZ seems that is going to retest support at the 2250. That seems important since it is from where it bounced to an intra-day H of 2618 on one day (Jan.3) <g>

The DOW looks a little better and apparently will hold above the 10700 this week. At any rate it doesn't seem is going to retest the Dec. Ls at 10,300 for now <g>

In general most people feel that the market still needs some extra help from uncle Al who now admits he over-medicated it on his previous effort to rupture the bubble <g>

RAGL

Bernard



To: Chisy who wrote (7961)2/20/2001 2:06:07 PM
From: Jibacoa  Respond to of 13094
 
The DOW:

On the monthly chart it seems that it could dip to 8,650 without breaking the long term up-trend that started on Feb.95 when it first broke the resistance at the 4,000 level.

So, although my "range of vision" is not that long, I suppose we can say that the "long bull" is still alive. <g>

RAGL

Bernard



To: Chisy who wrote (7961)2/20/2001 3:38:29 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
Chisy:

Thanks for the Elliot Wave link...

They were hot in the early to mid eighties... Then, they missed the big market moves... Now, their 5 wave analysis looks reasonable... I think we may be in the final stages of the bottoming process... We still need a huge volume down day when the good is thrown out with the bad... That might also give the FED some incentive to move more boldly...

Jim